Question: Can someone help solve this and does someone have a good formula? Compute the price of a 5.6 percent coupon bond with 10 years left

Can someone help solve this and does someone have a good formula?

Compute the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Is this a discount or premium bond? multiple choice discount bond premium bond

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